New York, USA – February 4th, 2020 – Bankable, the global architect of “Banking as a Service” solutions, today announced a strategic collaboration with Visa in the United States. Bankable aims to provide Visa’s U.S. clients, including corporate and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the U.S., Bankable is opening an office in New York, which is Bankable’s fourth office after London, Brussels and Dubai.

The new premises will become Bankable’s U.S. hub, allowing the company to accelerate strategic initiatives across corporations, banks and fintechs headquartered in the country. The company is planning to make strategic hires in the next few months as the NY team will shoulder London and Dubai operations.

“Our strategic partnership with Visa represents a great opportunity to further accelerate digital payments innovation in the region. Our commercial team will initially focus on B2B payments,” said Eric Mouilleron, CEO and founder of Bankable. “As we already serve American clients, we see huge opportunities to digitally transform corporates headquartered in the U.S. as well as leading regional, community and selected global banks organized to support fintechs. We anticipate more than 50% of our revenues to come from the U.S. by 2024.”

“The financial ecosystem is evolving at rapid pace, and Bankable’s model helps financial institutions, corporates and fintechs be increasingly nimble to remain competitive,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Building on what we’ve done with Bankable in other regions, including CEMEA and Europe, we’re excited to now extend the partnership into the US.”

Bankable’s rapid implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness. By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment.

]]>New York, USA & London, UK – January 14th, 2020 – Today, Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions of people rely on to improve their financial lives. The partnership will allow Bankable’s customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. In addition, Plaid customers will gain access to Bankable’s cloud-based banking and payment platform. Bankable designs and seamlessly orchestrates global payment and digital banking services with its extensive integrated partners’ ecosystem. By leveraging Plaid’s API technology, Bankable will further enable quick time to market for its clients. Plaid provides connectivity to 15,000 banks in the US and Europe.

“Like Bankable, Plaid is a fintech enabler providing an infrastructure as a service to power various business cases in lending, personal / business finance, consumer payments. Plaid and Bankable are both focused, since inception, on democratising financial services through technology,” said Eric Mouilleron, CEO and Founder of Bankable “This reciprocal global partnership will help us to provide more services to our respective banking and fintech clients.”

“The infrastructure of financial services was not built for the digital demands of the industry today. Fintech companies and new digital-first banks offer consumers the tools and services they demand, but much of the existing bank technology core infrastructure hasn’t evolved along with these new customer needs,” said Lowell Putnam, Head of Partnerships at Plaid. “Providers like Bankable offer both fintech companies and financial institutions a platform to bring new products to market and meet shifting consumer demands, much more quickly than the legacy infrastructure allows.”

-ends-

Notes to Editors:

For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com / 020 3948 6034

About Bankable:

www.bnkbl.com

Bankable is a global digital core banking platform and Banking as a Service provider. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time to market.

]]>• Bankable and Visa announce strategic collaboration within the CEMEA region.
• Bankable opens an office at the Dubai International Financial Center.
• The office will serve 50+ markets in the Middle East & Africa region.

Dubai, United Arab Emirates – November 25th, 2019 – Bankable, the global provider of “Banking as a Service” solutions, and Visa today announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities of financial institutions’, build and launch digital banks, reduce cash usage and increase Fintech sponsorship in CEMEA. To accommodate this collaboration, Bankable is opening an office at the Dubai International Financial Center (DIFC), which will be Bankable’s Middle Eastern hub.

Bankable’s presence in Dubai will allow the company to engage with the Dubai International Financial Centre, the leading financial centre of the Middle East, Africa and South Asia, comprised of more than 2.000 active registered firms. Bankable will complement and address the already strong fintech ecosystem in the region. The company will look to foster partnerships that enable faster time-to-market and relevant digital banking initiatives.

“Our decision to invest in Dubai is a natural extension for us. Bankable has served prestigious global clients headquartered in Dubai for the last three years. Following our global partnership in April 2019 with Visa, Bankable is committed to increase its alignment with Visa. Not only is Dubai home to global head offices and Visa’s CEMEA base, but some of our existing clients in Europe and North America are now looking to expand in the region. We will be able to support our clients directly and Visa’s CEMEA financial institutions members as well as provide European and US access to UAE based organisations.” said Eric Mouilleron, CEO and founder of Bankable. “Partnering hand in hand with the DIFC, Bankable has the ambition to design, federate and operate a fintech magnet supported by pre-approved regional bank sponsors to facilitate the onboarding of global scaleups and contribute to strengthen the DIFC ecosystem.”

Otto Williams, VP Head of Strategic Partnerships, Fintech & Ventures CEMEAat Visa, said, “Our recent ’Stay Secure’ survey revealed increased preference for digital payments among consumers in the UAE and other key markets in the region. That and the efforts of visionary governments to develop connected cities make it a very exciting time for Visa, as an enabler of the payments ecosystem, to be bringing in new players like Bankable. Our strategic partnership with Bankable represents a great opportunity to further accelerate digital payments innovation in the region, and we look forward to bringing this partnership to our fintechs and bank clients to deliver innovative consumer experiences.”

Salmaan Jaffery, Chief Business Development Officer, DIFC Authority said: “We are delighted to welcome Bankable to the DIFC. Bringing efficiency to the payments industry is a critical piece of DIFC’s FinTech strategy, which provides firms a critical platform for innovation amid the world’s largest remittance corridors.
Investment in FinTech in our region is twice the rate globally so we will continue to support the ‘Banking as a Service’ model pursued by Bankable.
Jaffery added: “Not only will Bankable enjoy being strategically located in the 8th ranked financial centre globally, but DIFC will also provide Bankable access to an international network of strategic partners and financial institutions, reinforcing the DIFC’s commitment to the Future of Finance.”

-ends-

Notes to Editors:For further information, please contact:

Sara Malinowsky at Bankable

sara@bnkbl.com / +44 20 3948 6034

About Bankable:
Bankable is a global digital banking and payments platform. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time-to-market.

About Visa Inc.:
VISA Inc. (NYSE: V) is the world’s leader in digital payments. The company’s mission is to connect the world through the most innovative, reliable VISA’s secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VISANet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analogue to digital, VISA is applying their brand, products, people, network and scale to reshape the future of commerce.

]]>London, UK – 17 July 2019 – Bankable, the global architect of digital banking and payment solutions, is delighted to announce that 10 weeks following the beginning of its partnership with Visa, the first Bankable’s Visa cards are now in clients’ hands.

Our API integrations with approved partners mean you can launch Bankable-branded Visa cards in 1 week and custom-designed cards in as little as 4 weeks.

Eric Mouilleron, Founder & CEO of Bankable, said: “On April 30 this year, we inked a strategic investment and a global partnership with Visa. On May 15, 2019, we communicated to our clients that our new Visa Corporate card solution will be live on July 10. On July 10, our Visa cards are live and delivered to our clients. Awesome! Visa and Bankable teams worked hand in hand with a strong sense of urgency to respect our clients’ time to market priorities.”

Bankable is a global digital core banking platform and Banking as a Service provider. We partner with financial institutions, corporates and FinTechs to deploy, orchestrate and operate highly differentiated payment solutions.

Bankable has successfully delivered projects for demanding tier-1 banks and FinTechs for the last eight years. Bankable’s rapid implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness. By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment and generate new net revenues.

]]>https://www.bnkbl.com/press-release/bankable-visa-corporate-cards-live/feed/0Recruitment Eventhttps://www.bnkbl.com/event/recruitment-event/
https://www.bnkbl.com/event/recruitment-event/#respondMon, 03 Jun 2019 09:47:48 +0000http://www.bnkbl.com/?p=1413Interested in joining us June 26th for drinks and nibbles to explore current opportunities and meet the team? Register your interest here and we will get back to you within 2 business days. Tech geeks with business acumen, project managers, BAs and business savvy professionals welcomed! Additional job postings will be added ahead of the […]

]]>Interested in joining us June 26th for drinks and nibbles to explore current opportunities and meet the team?

Register your interest here and we will get back to you within 2 business days.

Tech geeks with business acumen, project managers, BAs and business savvy professionals welcomed!

Additional job postings will be added ahead of the event.

Please be advised that this is not an event booking. You will need to register your interest with a valid email address and you will be notified when your registration has been accepted. By invitation only.

]]>https://www.bnkbl.com/event/recruitment-event/feed/0Meet Bankable at Money 20/20 Europehttps://www.bnkbl.com/event/meet-bankable-at-money-20-20-europe/
https://www.bnkbl.com/event/meet-bankable-at-money-20-20-europe/#respondThu, 23 May 2019 12:36:35 +0000http://www.bnkbl.com/?p=1393Bankable is delighted to announce our team will be at Money20/20 Europe in Amsterdam from June 3rd – June 5th. Meet us at booth P50 or book a short meeting with our team via the form below.

Visa makes strategic investment to support the deployment of Bankable’s solutions to Visa’s clients and partners.

LONDON, UK – 30 April 2019 – Bankable, the global provider of “Banking as a Service” solutions, today announced a strategic partnership with Visa (NYSE: V) to enable financial institutions and banks to access real-time and modular banking solutions worldwide. Visa has also made a financial investment in Bankable.

The partnership will allow Visa members to obtain access to Bankable’s platform to help them deploy digital banking and real-time payment services. The ability to use the platform alongside existing IT and operational landscape facilitates a short time to market. With its extensive integrated partners’ ecosystem, Bankable can support and seamlessly orchestrate global payment services, leveraging VisaNet to extend its existing international payment and banking solutions.

Bankable enables innovation without disruption as its platform does not interfere with established systems and allows clients to replicate and orchestrate their processes and operating requirements. A recurring challenge for banks, corporate entities and FinTechs is access to digital solutions, and technology that provides flexibility for them to rapidly iterate. Bankable’s platform addresses these challenges with its flexible model, allowing organizations of all sizes to operate digital banking services with no disruption to their systems and processes.

Eric Mouilleron, CEO and Founder of Bankable, said: “Bankable is proud to join the Visa global family. We are already at work with Visa’s existing partners. Visa’s support of Bankable’s vision, team and technology means a lot to us. We also found a strong cultural alignment with Visa in terms of business approach, speed and appetite to partner with clients to deliver the banking of the future. In addition to Europe, we will open three markets in the next 12 months (North America, Latam, MENA) to leverage relevant opportunities globally and help our European and US fintech clients expand.”

“Visa’s investment in Bankable is another example of the strategic partnerships we are making in companies to help clients deliver improved customers experiences faster and easier than ever, “said Bill Gajda, global head, strategic partnerships and innovation, Visa. “The ecosystem is growing and innovating at the speed of light, and the Banking-as-a-Service model enables financial institutions and fintechs to be more agile in this ever-changing market. Our strategic partnership with Bankable will support our clients as they continue to adapt to an evolving landscape.”

Bankable is a global digital core banking platform and Banking as a Service provider. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time to market.

Bankable has successfully delivered projects for demanding tier-1 banks and FinTechs for the last eight years. Bankable’s rapid implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness. By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment.

]]>https://www.bnkbl.com/press-release/bankable-and-visa-enter-strategic-partnership/feed/0Bankable Appoints Former Credit Suisse Managing Director as Head of Special Projectshttps://www.bnkbl.com/press-release/bankable-appoints-former-credit-suisse-managing-director-as-head-of-special-projects/
https://www.bnkbl.com/press-release/bankable-appoints-former-credit-suisse-managing-director-as-head-of-special-projects/#respondFri, 20 Jul 2018 11:03:40 +0000http://www.bnkbl.com/?p=1379/London, July 20, 2018 – Bankable is pleased to welcome Chris Tribelhorn as Head of Special Projects, reporting to Bankable COO Richo Strydom. Chris is a seasoned financial technology executive who brings with him more than 20 years of technology and investment banking experience and expertise, having specialised in derivatives products and trading / regulatory […]

]]>London, July 20, 2018 – Bankable is pleased to welcome Chris Tribelhorn as Head of Special Projects, reporting to Bankable COO Richo Strydom. Chris is a seasoned financial technology executive who brings with him more than 20 years of technology and investment banking experience and expertise, having specialised in derivatives products and trading / regulatory risk management.

Chris most recently served as Managing Director, Global Head of Derivatives and Risk Technology at Credit Suisse where he led a global organisation of 700 staff across 6 cities delivering derivatives, risk and P&L technology solutions across the Credit, Rates, and Equities asset classes. In this role, he shaped the technology strategy for these key areas of the investment bank, helping govern the sizable change investment and manage the operational risk.

Prior to Credit Suisse, Chris held several senior technology leadership roles at Deutsche Bank AG, where he worked for 10 years. Initially joining to help build out their Structured Credit Derivatives franchise, he later formed a single risk management technology function spanning the wider investment banking division where he formed a strategy unifying the quantitative analytic libraries and risk management platforms.

Prior to Deutsche Bank, Chris was an alumni of Valtech Ltd (a global leading-edge technology consultancy co-founded by Bankable’s founder and CEO, Eric Mouilleron) where Chris held the role of Principal Consultant. Chris played a major role at Valtech leading some of the key project delivery engagements that they had at the time initially with EDS, and also T-Mobile and UBS.

Chris’s impressive track record and professional working partnership with Bankable’s founder Eric and its COO Richo will be monumental to Bankable.

“Richo joined as Bankable COO in January 2017. He was Bankable’s first ‘boomerang’, meaning someone I have recruited in the past. Chris is our second boomerang, coming back 15 years later to accelerate global strategic initiatives and scale teams globally. It is a pleasure to be working with him again. As Bankable continues to expand rapidly, his contribution will be integral to Bankable’s future success. Other boomerangs will follow…” said Eric.

Chris quoted: “I am very excited to play a pivotal part in this vibrant and dynamic team helping strengthen and grow our Bankable platform. I appreciate that the role is very hands-on and delivers key features and capabilities directly to our current and future clients. And its quite refreshing to be working so closely with Eric and Richo again after so many years!”, said Chris.

As Head of Special Projects, Chris will be responsible for driving some key initiatives that will help Bankable meet the diverse requirements of its targeted industry verticals. His initial focus will be on building out our foreign-exchange trading capabilities and to design a new interface for our clients to interact with our world-leading payments platform.

Bankable initiated the partnership with Starling Bank and Transact Payments Ltd to be able to deliver a unique, real time full service payments platform to its clients, through only one contract.

Bankable, PCI-DSS Level 1 service provider and ISO 27001 certified, provides the technology platform and a full-service infrastructure, which makes access to the payments instruments possible. Bankable offers a suite of tools to deliver sophisticated white label solutions and a state of the art API, allowing clients to harness the full power of payment accounts, fully integrated to their existing software. Starling Bank provides access to the Faster Payment Scheme, BACS and Settlement services. Through Transact Payments Ltd, Bankable leverages their Electronic Money Institution licence to support the regulated aspects of financial services and support for the debit products.

This three-way partnership allows Bankable to offer more nuanced and homogenised services to their clients. Bankable are now able to provide indirect access to the wider banking network in United Kingdom, though provisioning of dedicated or multi tenanted banking accounts.

“We’re proud to have two great partners in Starling Bank and Transact Payments Ltd that allows Bankable to offer a real time full service payments platform to our clients. This is a true partnership that is beneficial to all partners and it puts us in an even better position to increase our market share and continue our growth journey. Bankable’s Banking as a Service enables our customers to focus on their brand, distribution and client acquisition instead of reinventing the “infrastructure wheel”. With accelerated time to market and faster revenue generation, Bankable customers increase the value and attractiveness of their business”, Eric Mouilleron, CEO and Founder of Bankable.

“Starling Bank’s work with Bankable and Transact Payments and its provision of real-time access to Faster Payments, together with safeguarding accounts, brings Banking as a Service to life together with Safe Guarding Accounts. In time, as our partnership progresses we will include BACS and access to the Single Europe Payments Area providing, the full suite of payments across both the UK and Europe.” Julian Sawyer, COO at Starling Bank

“This latest partnership demonstrates Transacts Payments flexible and innovative approach to payment solutions, supporting this exciting new development with Bankable. We are excited to be working with both organisations with this project” Kriya Patel, Managing Director of Transact Payments.

About Bankable:

Bankable is a global provider of “Banking as a Service” solutions. Our digital banking platform is available in white-label or via APIs enabling any financial institution, fintech or corporate to deploy a full array of digital banking services, including but not limited to: account services, mobile banking, domestic and international payments, real-time clearing solutions, FX services, e-wallets, and virtual & plastic card programmes and processing.
Bankable also provides access to major clearing systems such as SEPA STEP 2 & TARGET 2, UK Faster Payments & BACS, and SWIFT.

Eric Mouilleron is the founder and CEO of Bankable, headquartered at Level 39, Canary Wharf, London.

Transact Payments Limited (TPL) is a licensed European e-money Institution providing payment solutions to partners across the world and from different industries and sectors.

TPL is a regulated and authorised by the Gibraltar Financial Services Commission and is a Principal Member of both Mastercard® and Visa® providing European BIN sponsorship and modular payment, debit and prepaid services. Our licenses have been successfully Passported into EU and EEA member states enabling the issuance of prepaid card programs across Europe.

Starling is a completely different kind of bank, launched in May 2017 and based in London. In retail banking it offers a mobile-only current account on Android and iOS that can be set up in minutes. It also has a free and straightforward business account. In addition, the Starling Marketplace allows customers to access to a wide range of financial products through its app.

Starling is a fintech business with a banking licence, fully regulated by the Financial Conduct Authority and Prudential Regulation Authority, and granted a banking licence by the Bank of England in July 2016. It is directly connected to major payment schemes, including Faster Payments and MasterCard.

]]>https://www.bnkbl.com/press-release/bankable-partnering-with-starling-bank-and-transact-payments-ltd-to-deliver-a-full-service-payments-infrastructure/feed/0”Trust is something you must gain”https://www.bnkbl.com/insights/trust-is-something-you-must-gain/
https://www.bnkbl.com/insights/trust-is-something-you-must-gain/#respondFri, 13 Apr 2018 16:47:23 +0000http://www.bnkbl.com/?p=1302/A discussion about collaboration and trust a couple of weeks ago in London could not have benefited from better timing. During the Innovate Finance Global Summit, we were featured in a panel showcasing trust and collaboration. Together with our partner Liesbeth Righter from Moneyou, as well as representatives from NorthRow and Toronto Financial Services alliance, […]

]]>A discussion about collaboration and trust a couple of weeks ago in London could not have benefited from better timing. During the Innovate Finance Global Summit, we were featured in a panel showcasing trust and collaboration. Together with our partner Liesbeth Righter from Moneyou, as well as representatives from NorthRow and Toronto Financial Services alliance, we were on stage in front of 350 engaged attendees, elaborating around the collaborative economy and who you can trust. A discussion that evolved around the following topics: FinTechs need to be more efficient in the way they collaborate with other actors and need to have better ways to promote trust.

Bankable and Moneyou together built a fully digital bank in the record timespan of 6 months – something that was made possible thanks to our focus on building a mutual partnership through transparency, trust and collaboration.

During the panel, Eric, CEO and Founder of Bankable recommended that one of the keys to nurture collaboration is to be organised for partnerships, highlighting the procurement process. With Moneyou, we had one single interface, which enabled us to move fast and made it possible to deploy a solution within 6 months.

However, Eric admits that not all procurement processes have been as swift as the one set up with Moneyou. In several processes, we have had to project-manage our own vendor approval. “But it’s not that I don’t like it, this is just how it is. It’s a challenge to work with large corporations, but that’s what we are organised for and we have a strong board behind us to support our mission. If I didn’t like what I did, I would make pizza instead. There are no regulations in that.”

How do you get to collaboration?

“It’s about culture. There are people in a bank with a collaborative mindset, but the culture of the bank is generally not collaborative. That’s why I like to work with start-ups and scale-ups”, says Adrian Black, CEO of NorthRow.

“We try to find the intrapreneurs of companies, people who do the same job that we do. They are here to change their company and we are here to help them. We don’t say ‘Dear client, let’s meet in 5 years, after you spent billions on replacing your core banking system’ We say, ‘Let’s start now, let’s do a pilot to start seeing transactions’”, says Eric Mouilleron, at Bankable.

“Liesbeth, we met 2 years ago, 1 year later we had a solution ready. So, there is hope, we can move fast with banks”, Eric continued.

What are the keys to collaboration?

“Trust is something you must gain from your customers and partners. It comes down to being true to what you do and being truthful in how you communicate it. If all of this is consistent, you can be faster and lean – then you can really start working together. The organisational structures are there to make it complicated, but we (Moneyou) are trying to make it lean again. One way of doing this is to take it in smaller units and compartments and change it from there.” Liesbeth Rigther, CEO of Moneyou.

“Traditionally people trust banks because they have the authority as an organisation. But I think this is about to change. And we all have to learn to deal with what happens when their trust disappears” Liesbeth Rigter, CEO Moneyou continues.

Have FinTechs really changed the stagnant infrastructure?

“It’s consumer demands that will determine the change. But already today 85% of banks know they will partner with FinTechs. It’s down to how quick you can shift due to regulations” said Jenifer Reynolds, Toronto Financial Services Alliance.

“We don’t know what banking will develop into, but it’s time to start finding that out. I really think that all this pioneering and exploring will lead to new business models, and when the market is open, the banks will have to change too.” Said Liesbeth Rigter, CEO Moneyou.

How can banks adapt rather than being protective?

“It used to be hard to set up a bank, but it’s not that hard anymore. Now it’s easier to introduce new competitive financial services solutions”, said Adrian Black, CEO at NorthRow.

“85% of the IT budget in a bank goes to maintain the legacy system. But I’m not too hostile against legacy, since that shows you have a history. When we work with incumbents; we take legacy into account but we’re not converting the whole thing. You need to adapt, or you don’t stay. The real issue is the management of the banks as many bank managers today are close to retirement. You’re not going to innovate near retirement, this is when you want to make sure that your package is the best it can be. The layer underneath top management can be dangerous too, they are the ones that made the legacy system, and they don’t want to change something they built”, said Eric Mouilleron, CEO at Bankable.

“I met a bank executive a couple of days ago, he told me that he doesn’t want to hire anyone over 40”, Jennifer Reynolds at Toronto Financial Services Alliance, reacted to the fact that an employee close to retirement will not innovate.

“We are developing with customers that are below 40 years old. If you want to innovate you need the customers under 40, because they grew up with the phone in your hand and they don’t know a world without internet. To be honest, our customers over 40 are too nice to us!”, Liesbeth Rigter at Moneyou answered.

“I employ loads of millennials, they show me things that I couldn’t imagine. We need diversity since that is also how our clients look and what they look for. Diversity is good for business!” Eric Mouilleron, CEO and Founder at Bankable finished.